Residential Income
New
For Sale
$225,000
15 Villa St, Carbondale, PA 18407
All units are occupied, with established tenants and a documented rental history.
Property Size1,984 SF
Price / SF$113.41
Days on Market5
Property Features for 15 Villa St
General Information
Standard status
Active
Size
1,984 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,771
Listing Agency:
ERA One Source Realty, Peckville
(570) 489-8080
Listed By:
Corey Christian
(570) 267-4277
Source:
Exprealty
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 5:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ERA One Source Realty, Peckville
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Investment Insights
Based on property information with market context.
This residential income property is fully occupied and has a history of rental activity. Longstanding tenants are already in place, and the property has been consistently maintained.
The existing occupancy and rental record provide a clear snapshot of its current residential income profile.
The existing occupancy and rental record provide a clear snapshot of its current residential income profile.
Key Highlights
- Fully occupied with established tenants
- Consistent property maintenance and an established rental history
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,295
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,900
$305.9K
Cap Rate 7%
$218,500
$218.5K
Cap Rate 9%
$169,944
$169.9K
Market Conditions
NOI Build-Up for 1,984 SF
Gross rent
$29.5K $14.88/SF
− Vacancy
−$1.7K −$0.86/SF
EGI
$27.8K $14.02/SF
− OpEx
−$12.5K −$6.31/SF
NOI
$15.3K $7.71/SF
Area
Lackawanna County, PA
Vacancy
5.80%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,900
Cap Rate 7%
$218,500
Cap Rate 9%
$169,944
Alternative Uses
Best Use
Apartment 5plus
$218.5K
$191.2K – $254.9K
NOI $15,295 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$503.6K
$440.6K – $587.5K
NOI $35,250 @ 7.0% cap · market cap 15.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
Explore this area
Business Placement
Demographics for 18407, PA
14,047
Population
7,028
Households
2
Avg Household Size
43
Median Age
26%
College-Educated
92%
High-School Grad
41.5 sq mi
ZIP Area
338
Density / Sq Mi
$57,261
Median Household Income
$40,174
Median Earnings
$826
Median Rent
$142,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - All units are occupied, with established tenants and a documented rental history.
Where is this residential income property located?
The property is located at 15 Villa St Carbondale, PA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Fully occupied with established tenants; Consistent property maintenance and an established rental history
